Leeds United turn down bid

Leeds United owners, GHF Capital, have confirmed they have rejected a takeover bid for the Championship club from an undisclosed third party.

Although the bidder remains unknown, it has been reported it is a Yorkshire based consortium that made an offer for a 51% of the shares with aim to secure a phased buy-out, The Guardian reports.

The Dubai-based investment bank confirmed the news via the club’s web page in a statement to the Leeds fans: “We are aware of growing speculation regarding new investment at Leeds United”.

“As can be expected with a club as fantastic as Leeds United, since our acquisition we have received several offers to invest in the club alongside us”, the club’s proprietors assured.

The statement reflects that an offer for a majority stake “has not been accepted”, and clarifies that a takeover bid is not the kind of investment the club is looking for.

“Although we continue to seek strategic investors, we will only bring on board those who we feel can make a positive contribution to the sustainable success of Leeds United”, GHF guaranteed.

Former Hull City chairman Adam Pearson said this week he would like to return to football, mentioning Leeds United as an example of a club he would be interested in, although it remains uncertain if he could have been involved in the bid.

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